Deutsche Telekom AG Earnings, Revenue beat In Q1

  • Investing.com
Deutsche Telekom AG Earnings, Revenue beat In Q1

Investing.com - Deutsche Telekom AG (ETR: DTEGn ) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Deutsche Telekom AG announced earnings per share of €0.45 on revenue of €28.02B. Analysts polled by Investing.com anticipated EPS of €0.2911 on revenue of €27.97B.

Deutsche Telekom AG shares are up 11% from the beginning of the year and are trading at €18.105 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 12.06% from the start of the year.

Deutsche Telekom AG shares gained 0.87% in intra-day trade the report.

Deutsche Telekom AG follows other major Communication Services sector earnings this month

Deutsche Telekom AG's report follows an earnings beat by United Internet AG on Thursday, who reported EPS of €0.65 on revenue of €1.44B, compared to forecasts EPS of €0.5111 on revenue of €1.45B.

Scout24 AG had missed expectations on Tuesday, May 3, 2022 with first quarter EPS of €0.25 on revenue of €107.9M, compared to forecast for EPS of €0.32 on revenue of €105.25M.

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